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Article: California State Bank plans to expand its presence in Orange County through the proposed acquisition of Landmark Bancorp/Landmark Bank.
- Article from:
- Business Wire
- Article date:
- July 10, 1995
CopyrightCOPYRIGHT 1995 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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COVINA, Calif.--(BUSINESS WIRE)--July 10, 1995--The board of directors of California State Bank (NASDAQ:CSTB), Covina, and Landmark Bancorp (NASDAQ:LMBC), La Habra, Calif., Monday announced the execution of a letter of intent regarding the acquisition of Landmark Bancorp and its wholly owned subsidiary, Landmark Bank, La Habra, by California State Bank.
Under terms of the letter of intent, each share of Landmark Bancorp will receive $19.75 of consideration in the form of $7.75 per share cash and $12 per share of California State Bank common stock valued at the book value of California State Bank immediately prior to closing.
The current value of the ...